Daily Current Affairs 8th June, 2017

Daily Current Affairs 8th June, 2017


Agreement between India and Somalia on transfer of sentenced persons

  • The Union Cabinet has given its approval for signing and subsequent ratification of the Agreement on Transfer of sentenced persons between Indi and Somalia.
  • Signing the Agreement with Somalia shall facilitate the Indian prisoners imprisoned in Somalia or vice-versa to be near to their families, for serving remaining part of their sentence and shall facilitate their social rehabilitation.
  • The Government of India has signed bilateral Agreements on Transfer of Sentenced Persons with United Kingdom, Mauritius, Bulgaria, France, Egypt, Sri Lanka, Cambodia, South Korea, Saudi Arabia, Iran, Bangladesh, Brazil, Israel, Bosnia & Herzegovina, UAE, Italy, Turkey, Maldives, Thailand, Russian Federation, Kuwait, Vietnam, Australia, Hong Kong, Qatar, Mongolia, Kazakhstan, Bahrain and Estonia.

WHO revises Protocol for Antibiotics

  • With an aim to curb antibiotic resistance, the World Health Organization (WHO) has revised the protocol for antibiotics.
  • This revision is the biggest such revision of the antibiotics section in the 40-year history of the essential medicines list (EML).
  • WHO has divided the drugs into three categories — access, watch and reserve.
  • It has also specified which category of drugs are to be used  for treating common ailments and which are to be used to treat complicated diseases.
  • As per the classification, commonly used antibiotics will be placed under the ‘access’ category. WHO has recommended that the antibiotics in this category be made available at all times as a treatment for a wide range of common infections.
  • The drugs that fall under this category includes drugs such as amoxicillin which is widely-used for treating infections such as pneumonia.
  • Second line of antibiotics which are slightly potent will be placed under ‘watch‘ category. WHO recommends that the drugs coming under this category be prescribed less to avoid further development of resistance. Example of drug that falls under this category is Ciprofloxacin, which is used to treat cystitis and upper respiratory tract infections like bacterial sinusitis and bacterial bronchitis.
  • The highly potent drugs which should be used only as a last resort will be placed under the ‘reserve’ category.
  • WHO recommends that these drugs be used only when all other alternatives failed such as life-threatening infections caused by multidrug-resistant bacteria.

One Million Dollar Fund Established for BRICS Media

  • The Brazil-Russia-India-China-South Africa (BRICS) grouping has established a one million dollar fund for boosting media cooperation in the five-nation grouping.
  • During the inaugural session of the BRICS Media Forum  held in Beijing, Xinhua News Agency and executive president of the Forum had announced that the Xinhua news agency will invest  one million U.S. dollars for bolstering BRICS media.
  • The BRICS media forum is a joint initiative of Xinhua News Agency, Brazil’s CMA Group, Russia’s Sputnik News Agency and Radio, The Hindu group of publications from India, and South Africa’s Independent Media. BRICS Media is aimed at promoting six objectives including balanced reporting.
  • It aims to create an alternative media narrative distinct from the media of western nations. The proposal is also aimed at joint development of BRICS digital media, financial information services and promoting people- to-people contacts.


UNCTAD: India among Top FDI Destinations

  • According to UNCTAD’s World Investment Report 2017, India continues to remain as a favourite destination for FDI even though tax related concerns remain as a deterrent for the foreign investors.
  • According to the report, the favourite destinations for FDI are the US, China and India.
  • As per the report FDI inflows into a developing Asia has reduced by 15{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} to USD 443 billion in 2016. This decline is the first since 2012.
  • Other than South Asia, the decline has affected the three sub regions of Asia. However, the report has observed that an improved economic outlook in major economies like ASEAN, China and India is expected to boost investor’s confidence thereby increasing the region’s prospects for 2017.
  • In Asian region, major recipients like China, India and Indonesia have renewed their policies to attract FDI.
  • This is expected to increase the FDI inflows in 2017. In South Asia, FDI inflows increased by 6{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} to USD 54 billion and outflows declined by 29{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} to USD 6 billion. FDI inflows into India remained stagnant at USD 44 billion.
  • India’s outward foreign flows declined by about one third. Cross-border merger and acquisition deals have become important tools in the hands of the foreign multinational enterprises to foray into the rapidly-growing Indian market.
  • The report has also noted that signing of tax treaty with Mauritius would have contributed to decline in instances of round tripping of FDI. for the first time, China has emerged as the world’s second largest investor of FDI.
  • BRICS grouping (Brazil, the Russian Federation, India, China and South Asia), which accounts for 22{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} of the global GDP has received only 11{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} of the global FDI inflows.

SEBI gets nod for MoU with Iran, EU counterparts

  • The Union Cabinet recently gave its nod for Securities and Exchange Board of India (SEBI) to enter into two separate memoranda of understanding (MoU) with securities market regulators of the European Union and Iran
  • These MoUs are expected to strengthen cooperation between India and the respective countries on matters pertaining to securities market.

Crete airport project in Greece

  • GMR Infrastructure subsidiary GMR Airports Ltd., in partnership with Greek infrastructure firm Terna S.A., has bagged the project to develop, operate and manage the new international airport of Heraklion at Crete Island, Greece.
  • It will be the designated airport operator in the consortium for the greenfield project.


Astana to Host SCO Summit

  • Astana, the Kazakh capital is hosting the two-day summit of the Shanghai Cooperation Organization (SCO).
  • The 2017 summit would gather the leaders of China, India, Kazakhstan, Kyrgyzstan, Pakistan, Russia, Tajikistan and Uzbekistan and would be the first one with Islamabad and New Delhi as full-fledged members of the international organization.
  • The next summit of the organization would take place in 2018 in China.


World Oceans Day- 8 June

  • World Oceans Day is a global day of ocean celebration and collaboration for a better future. It is observed globally on 08th June.
  • The overall theme for World Oceans Day 2017 is ‘Our Oceans, Our Future’.


Union Health Minister Conferred WHO Director-General’s Special Recognition Award for Global Tobacco Control

  • Union Minister of Health and Family Welfare J P Nadda has been conferred the WHO Director-General’s Special Recognition Award for global tobacco control.
  • The award was presented to him by Dr Poonam Khetrapal Singh, Regional Director, WHO South-East Asia at the ‘National Consultation on Accelerating Implementation of WHO Framework Convention on Tobacco Control (FCTC) for achievement of SDGs’.


K G Karmakar, Gauri Shankar appointed directors of IPPB

  • K G Karmakar and Gauri Shankar were appointed as Independent Directors of India Post Payments Bank (IPPB). The Appointments Committee of the Cabinet has approved their appointment to the post on the board of directors of the bank for a period of three years.
  • The IPPB has been incorporated as a public sector bank under the Department of Posts with 100 percent equity of the government of India.


Rohan Bopanna wins French Open mixed doubles title to clinch maiden Grand Slam

  • Indian tennis ace Rohan Bopanna and Canadian partner Gabriela Dabrowski produced a fighting performance to beat their German-Colombian opponents Anna-Lena Groenefeld and Robert Farah in the final to clinch their maiden French Open mixed doubles title in Paris, France
  • Seeded seventh, Bopanna and Dabrowski took an hour and six minutes to win, saving two match points, as they overcame the unseeded Groenefeld and Farah 2-6, 6-2, 12-10 on Philippe-Chatrier Court.
  • Bopanna has become only the fourth Indian to win a Grand Slam crown, after Leander Paes, Mahesh Bhupathi and Sania Mirza.







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